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Bitcoin has a governance problem, no matter who created it

The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin – which allows users to move money across the world quickly and anonymously – but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009. Many …

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Bitcoin has a governance problem, no matter who created it

Exclusive: Apple’s Tim Cook to visit China for government meetings – source

Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said. Cook has frequently traveled to China since taking the helm of Apple five…

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Exclusive: Apple’s Tim Cook to visit China for government meetings – source

Sumner Redstone’s defiance gets judge’s attention at trial

Sumner Redstone appeared to take the upper hand in defending a lawsuit challenging his mental competency on Friday, as a judge called Redstone's deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life. The woman, Manuela Herzer, is suing Redstone over her removal in October as the billionaire's designated health care agent, arguing that Redstone was not mentally competent at the time he made the decision. Redstone's deposition was presented to a …

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Sumner Redstone’s defiance gets judge’s attention at trial

Good U.S. payrolls gains seen, but swelling labor force to cap wage growth

U.S. employment likely rose again in April, but a rush of job seekers into the labor market should keep wage gains moderate and buy a cautious Federal Reserve more time before raising interest rates again. Nonfarm payrolls probably increased by 202,000 last month in U.S. Labor Department data…

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Good U.S. payrolls gains seen, but swelling labor force to cap wage growth

Tesla puts pedal to the metal, 500,000 cars planned in 2018

Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in tandem. The company, which three months ago aimed to make a net profit in the final quarter of this …

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Tesla puts pedal to the metal, 500,000 cars planned in 2018

China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua

By Adam Jourdan and Siva Govindasamy SHANGHAI/SINGAPORE (Reuters) – China will invest 77 billion yuan ($11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency reported late on Wednesday, citing the country's civil aviation regulator. The Civil Aviation Administration of China (CAAC) said the investment, which will focus on airports…

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China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua

Panama Canal expansion exposes U.S. infrastructure, shipper woes

The Bayonne Bridge outside New York and New Jersey terminals is too low. Delayed port fixes, a freighter glut and a wobbly global economy mean that, in the short term, the benefits of the expanded waterway along

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Panama Canal expansion exposes U.S. infrastructure, shipper woes

Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

Oil prices jumped on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output. International benchmark Brent crude futures were trading at $45.32 per barrel at 12.40 a.

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Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

Asia shares slip for seventh session, bonds well bid

Asian shares slipped for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns about global growth, keeping sovereign bonds well supported as a hedge against deflation risks.

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Asia shares slip for seventh session, bonds well bid

New York Times revenue falls on lower ad sales

(Reuters) – New York Times Co reported a 1.2 percent fall in quarterly revenue as ad sales fell in its print and digital businesses. Digital ad revenue, which contributes about a third of total ad revenue, fell 1.3 percent to $41.8 million, while print advertising revenue fell 9 percent, the company said on Tuesday.

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New York Times revenue falls on lower ad sales

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